Weird, would've thought it would've been quite highly taxed seeing how much stuff the government controls.

I'm assuming corporate and personal tax rates are kept low in order to attract foreign investments and human capital.

But I've heard there are many hidden expenses and implicit taxes, which they are able to enforce since a good amount of local business are government owned. Although, I don't know how much truth there is to that.

Weird, would've thought it would've been quite highly taxed seeing how much stuff the government controls.

Singapore's dirty little secret. Doesn't need the cash because it's financed and run by organised crime, mostly massive Chinese 'corporate interests' (read: Triads). Like the Comorra in Sicily, so well integrated with government services that, well, you'd probably not call it a problem, lots of cash pouring in from finance scams which only run outside the country.

Truthfully, not many do, unless you're involved (even then, usually if you're Chinese). Like I said, it's a hard argument to make that it's a 'problem' per se because most of the criminal activity occurs outside of Singapore's borders. The integration with government, law enforcement, etc. is so complete that it's barely even criminal activity any more, just the way things are done.

Trace these ****s and their activities back to HK and the picture changes dramatically. Relative to other organised crime, info is scant, second-hand, etc. Informants with detailed info are incredibly rare so the true extent of activities is assumed rather than known for sure. Everyone is paid well and they're just too good to make mistakes which can hang them.

EDIT: I would discourage anyone living there from asking about it, tbh.

Truthfully, not many do, unless you're involved (even then, usually if you're Chinese). Like I said, it's a hard argument to make that it's a 'problem' per se because most of the criminal activity occurs outside of Singapore's borders. The integration with government, law enforcement, etc. is so complete that it's barely even criminal activity any more, just the way things are done.

Trace these ****s and their activities back to HK and the picture changes dramatically. Relative to other organised crime, info is scant, second-hand, etc. Informants with detailed info are incredibly rare so the true extent of activities is assumed rather than known for sure. Everyone is paid well and they're just too good to make mistakes which can hang them.

EDIT: I would discourage anyone living there from asking about it, tbh.